Grupo TMM five-year product tanker contract with Pemex

Grupo TMM, S.A.B. (“TMM”), a Mexican intermodal transportation and logistics company, announced that Pemex awarded TMM with one bare boat and ship management product tanker contract that the Company had bid for in April. This five-year contract commences in mid-June.

Jos’ F. Serrano, chairman and chief executive officer of Grupo TMM, said, “We are pleased to announce the results of this bid. This new contract will contribute to the Maritime’s division results in the second quarter and forward. We maintain our commitment to capitalize on attractive growth opportunities.”

Headquartered in Mexico City, TMM is a Latin American intermodal transportation company. Through its branch offices and network of subsidiary companies, TMM provides a dynamic combination of ocean and land transportation services.